Less than a week after Google launched a service that allows private individuals to transfer money by email, Square has launched a similar product in a private beta.
Google Reportedly to Launch Music Streaming at I/O Conference Today (SocialTimes)
Google will launch music streaming through YouTube and Google Play, according to reports in The Verge and the Wall Street Journal. The company, which has struggled to keep up with Apple in terms of media offerings, has reportedly signed licensing deals with Universal Music Group and Sony Music Entertainment, the reports said.
Uber is in the midst of a fundraising round that values the company at $1 billion, according to Reuters’ report.
Public stock offerings of companies originally funded by venture capital investments dipped by more than half in the first quarter of 2013, and many expect the companies to wait until the end of the year to go public, according to a study from the National Venture Capital Association and Thomson Reuters.
Square is facing a cease-and-desist order and a huge fine in the state of Illinois, according to a regulatory filing made in January and released today.
Price tags for social media companies have skyrocketed since Facebook debuted in 2004. These startups were valued at a billion dollars or more.
BlackRock Offers to Buy Twitter Stock (The Wall Street Journal)
Investment-management giant BlackRock has offered to buy around $80 million of Twitter stock in a transaction that would value the short-messaging service at more than $9 billion, according to people familiar with the deal. Some of the people said BlackRock’s offer is to purchase Twitter stock from some of the company’s early employees, and perhaps from others.
Today, Keith Rabois, who resigned as COO of Square yesterday, revealed that his resignation stemmed from a lawsuit alleging that he had sexually harassed a male employee at Square. But two decades ago, when Rabois was a law student at Stanford, he faced potential disciplinary charges for calling a lecturer a “faggot.”
In an on-stage interview in San Francisco in which he declined to address questions about whether he would stay on as Groupon CEO, co-founder Andrew Mason described his company as a local business engine that will build shareholder value over the long term.
Man Fools More Than 500,000 Facebook Users Pretending to be Lottery Winner (AllFacebook)
Recently, a Facebook user named Nolan Daniels posted a photo of himself with a $587.5 million-winning Powerball ticket with the caption, “Looks like I won’t be going to work EVER!!!! Share this photo and I will give a random person 1 million dollars!” More than 500,000 people have shared the photo, but the ticket isn’t real.